Variations in Receipt of Benefit
No Variation in Receipt of Benefits
A city, village, or incorporated town can refund any part of the real property taxes it levies and collects on residential real property.
How is Benefit Disbursed
Direct payment to taxpayer
Eligible Property Type
Characteristics of Eligible Property
Only residential property is eligible for this program.
Description of Eligibility Criteria
An eligible individual must be 65 years or older, be the owner of the property that must be a principal residence, occupy the dwelling for more than 6 months, and not rent or lease any portion of the dwelling or real property to another person. If more than one person owns the property, at least one owner must be 65 or older, and no other co-owner can be under 60.
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
Local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Description of State Funding for Tax Loss
State statutes do not provide for state funding for local tax loss.